Gifts
Making a gift of money or assets can be a valuable exemption from Inheritance Tax
There are various additional ways to use your annual gift allowance, such as gifting to an individual up to £3,000 per tax year.
Using income to fund the contributions to a life policy held in trust, parents can each give up to £5,000 to each party of a marriage/civil partnership. Additionally, a lifetime gift of capital designed to maintain a dependent is exempt under certain circumstances.
Gifts to charities, political parties or for the public benefit, such as universities, national museums, and the National Trust are also exempt.
Please contact us to discuss your options further, as we are able to advise you on the best options available to suit your own personal circumstances.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax reliefs depends on individual circumstances.
If you would like more information, please contact Wellesley Wealth Advisory on 01444244551 or via email at info@wellesleywa.co.uk
Related Services
Inheritance Tax
Without careful planning, HM Revenues & Customs could become the biggest beneficiary
of your estate.
ISA’s
An ISA can be used to save for anything, from short or long term saving to retirement planning, providing you with tax efficiency and flexibility.
Junior ISA
JISAs (Junior Individual Savings Accounts) are a simple, flexible and tax-efficient way of saving for the younger generation.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
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